Rashtriya Chemical Fertilizers (RCF) rose 1.33% to Rs 102.90 after the company's consolidated net profit surged 122.1% to Rs 261.91 crore in Q2 FY23 as against Rs 117.92 crore in Q2 FY22.
Revenue from operations soared 113.4% to Rs 5,575.95 crore in Q2 FY23 as against Rs 2,612.38 crore in Q2 FY22. Fertilizers revenue was Rs 4,184.12 crore (up 113.35% YoY), revenue from industrial chemicals stood at Rs 778.12 crore (up 60.01% YoY) and revenue from trading segment was Rs 610.79 crore (up 276.89% YoY) in Q2 FY23.
Profit before tax grew 97.2% to Rs 315.65 crore in Q2 FY23 compared with Rs 160.07 crore in Q2 FY22.
Total expense rose 111.4% YoY to Rs 5227.22 crore in Q2 FY23. Cost of raw material consumed stood at Rs 2,596.02 crore (up 128.5% YoY) and employee expenses aggregated to Rs 164.27 crore (up 12.8% YoY) in the second quarter.
Finance cost surged 250.5% to Rs 59.10 crore during the period under review.
Net cash generated from operating activities was Rs -846.81 crore in six months ended 30 September 2022 as against Rs 820.33 crore in six months ended 30 September 2021.
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RCF is engaged in the manufacturing and marketing of fertilizers and industrial chemicals.
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